U.S. Bank Ranked in Top 100 Military Friendly
Employers(R) by G.I. Jobs Magazine

MINNEAPOLIS, Nov 16, 2011 (BUSINESS WIRE) --

G.I. Jobs magazine has named U.S. Bank one of the nation's Top 100
Military Friendly Employers(R).

The list, drawn from a sample of approximately 5,000 companies (those
with more than $500 million annual revenues), was created based on
company criteria including the strength of military recruiting efforts,
the percentage of new hires with prior military service, and company
policies toward National Guard and Reserve service. The list and
rankings are posted on the G.I. Jobs website: http://www.gijobs.com/2012top100.

"U.S. Bank is honored to be recognized as a top employer for active and
retired military - and honored to call these heroes our colleagues,"
said Richard Davis, chairman, president and chief executive officer of
U.S. Bancorp, the parent company of U.S. Bank. "We owe our freedom to
military veterans and the men and women who are currently serving in the
armed forces and National Guard and Reserves. Their patriotism, work
ethic, leadership and dedication inspire us every day."

U.S. Bank started its Military Initiative in 2008 under the direction of
Davis and vice chairs Richard Hartnack and Richard Payne, who are both
veterans. As part of this project, the company recently announced it
will double its military hiring in 2012. U.S. Bank aims to double the
number of veterans and/or members of the National Guard and Reserves
hired in 2012. To aid in that effort, the company has launched a
military-specific recruiting website, http://proudtoserve.usbank.com,
which helps service members identify areas at U.S. Bank where their
skills and interests might be a match. U.S. Bank also launched a
Leadership Development Program in two of its consumer banking markets
that recruits transitioning officers into a branch management training
program.

The company also unveiled last week a leave policy for employees with
family serving in the military. Beginning next year, in recognition of
the many sacrifices that military family members make, U.S. Bank will
offer employees up to two weeks paid leave to cover time they would
otherwise take off unpaid, per state or federal law, in connection with
a family member's military service. Depending on state laws, the time
can be taken not only with the deployment of a child, parent or spouse,
but may be available to extended family as well.

U.S. Bank also recently established the U.S. Bank Military Service
Center, a dedicated customer service line for military members and their
families. The center is staffed with bankers familiar with the
Servicemembers Civil Relief Act, as well as the unique financial
circumstances faced by members of the military and their families. The
Military Service Center can be reached at 800-934-9555 and is open
Monday through Friday from 7 a.m. to midnight ET, with back-up support
from U.S. Bank 24-hour banking during off hours.

U.S. Bank has also been recognized in 2011 for its efforts to recognize
and support members of the military, veterans and their loved ones:

U.S. Bank's steady and growing commitment to current and former
members of the military and their families earned the company "Yellow
Ribbon" status in its headquarters state of Minnesota this year. As of
November, the company employed approximately 1,600 veterans and/or
members of the Guard/Reserve - more than 200 have been hired this year
alone.

Military Times magazine named U.S. Bank as one of just 46
companies in their Best of Vets 2011 annual survey. More than 1,000
firms were surveyed for their recruiting, policies for reservists and
overall corporate culture pertaining to the military.

Each year, Davis, Hartnack and Payne host a conference call honoring
employee military service members and their families. This year's call
took place last week and featured Gen. Stanley A. McChrystal, U.S. Army,
(Ret.). McChrystal is a retired four-star general and the former
commander of U.S. and International Security Assistance Forces (ISAF)
Afghanistan and the former commander of the premier military
counter-terrorism force, Joint Special Operations Command (JSOC).

U.S. Bancorp (NYSE: USB), with $330 billion in assets as of Sept. 30,
2011, is the parent company of U.S. Bank, the fifth-largest commercial
bank in the United States. The company operates 3,089 banking offices in
25 states and 5,092 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. U.S. Bancorp and its
employees are dedicated to improving the communities they serve, for
which the company earned the 2011 Spirit of America Award, the highest
honor bestowed on a company by United Way. Visit U.S. Bancorp on the web
at www.usbank.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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